US Bancorp DE Sells 9,778 Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)

US Bancorp DE lessened its stake in shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 14.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 57,773 shares of the company’s stock after selling 9,778 shares during the period. US Bancorp DE’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $2,954,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPYV. LPL Financial LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 8.8% in the 3rd quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock valued at $2,069,502,000 after purchasing an additional 3,176,679 shares during the last quarter. Allworth Financial LP increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 0.3% in the 4th quarter. Allworth Financial LP now owns 20,370,433 shares of the company’s stock valued at $1,065,781,000 after purchasing an additional 69,747 shares during the last quarter. Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.3% in the 4th quarter. Valmark Advisers Inc. now owns 7,666,293 shares of the company’s stock valued at $392,054,000 after purchasing an additional 174,424 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,569,723 shares of the company’s stock valued at $294,416,000 after purchasing an additional 286,795 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 7.2% in the 3rd quarter. Townsquare Capital LLC now owns 3,791,777 shares of the company’s stock valued at $200,433,000 after purchasing an additional 255,672 shares during the last quarter.

SPDR Portfolio S&P 500 Value ETF Stock Performance

Shares of SPYV opened at $51.61 on Friday. SPDR Portfolio S&P 500 Value ETF has a 52-week low of $47.22 and a 52-week high of $55.42. The business’s fifty day moving average is $52.11 and its 200-day moving average is $52.62. The firm has a market cap of $25.05 billion, a price-to-earnings ratio of 22.42 and a beta of 0.95.

About SPDR Portfolio S&P 500 Value ETF

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio.